- The pair breaks above the 1.1600 to clinch fresh daily highs.
- The greenback loses the grip and challenges the 95.00 handle.
- Positive Brexit news gives lend extra support to the riskier assets.
The demand for the single currency is now picking up pace and lifting EUR/USD to the area of fresh session peaks above 1.1600 the figure.
EUR/USD up on Brexit comments
The pair gained extra upside pressure following the better tone in the Sterling and the increasing selling bias in the greenback, all in response to comments by EU’s Barnier.
In fact, the European Chief Negotiator M.Barnier said earlier that a Brexit agreement is realistic in 6-8 weeks, boosting the British Pound and the rest of the risk complex, all in detriment of the buck, which dropped to session lows in the 95.00 neighbourhood when tracked by the US Dollar Index (DXY).
Earlier in the day, Investors Confidence in Euroland tracked by the Sentix index missed estimates at 12.8 (vs. 13.8 expected) and down from August’s 14.7.
Later in the US docket, Atlanta Fed’s R.Bostic (centrist, voter) is due to speak amidst a vacuum of data releases.
EUR/USD levels to watch
At the moment, the pair is gaining 0.46% at 1.1606 facing the next hurdle at 1.1659 (high Sep.6) seconded by 1.1734 (high Aug.28) and finally 1.1745 (high Jul.31). On the flip side, a break below 1.1508 (low May 29) would target 1.1449 (50% Fibo of the 2017-2018 up move) and finally 1.1299 (2018 low Aug.15).
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